Tag Archives: China

Once a farmer, this eco-warrior takes on big business in China

64-year-old taught himself law Wang Enlin, an elderly farmer who left school when he was 10 years old and taught himself law armed with a single textbook and dictionary, makes for an unlikely eco-warrior. Yet the 64-year-old is determined to reap justice as he readies for a fresh battle in his war with a subsidiary of China’s largest chemical firm, ... Read More »

China internet finance body suggests framework for virtual currencies

SHANGHAI: A senior executive at China’s internetfinance body has urged Chinese regulators to create a tougher framework of regulations to support the development of digital currencies amid Beijing’s crackdown on trading on virtual tender such as bitcoin. Chinese regulators are cracking down on the cryptocurrency sector, in a bid to stamp out potential financial risks as consumers pile into a highly risky and ... Read More »

China looks to be slowing again as domestic economy runs out of puff

China’s economy looks to pulling back into the slow lane after a range of data has shown a broad loss of momentum in domestic demand. Key points: Electricity, steel and cement production slowed in August Front-loaded infrastructure spending from earlier in the year slows rapidly Cooling retail sales centre on sectors linked to the property cycle The key monthly readings ... Read More »

Kushner Family Business Pitch In China Prompts Questions About Investor Visas

Nicole Kushner Meyer (third from left), the sister of White House senior adviser Jared Kushner, poses at a promotional event in Shanghai on Sunday. Albee Zhang/AFP/Getty Images Networking, connecting, pitching — it’s all routine in the business world. But a connection pitched in China over the weekend — involving ties between President Trump’s son-in-law Jared Kushner and a real-estate project ... Read More »

China says North Korea tension has to be stopped from reaching irreversible stage

China said on Friday tension over North Korea had to be stopped from reaching an “irreversible and unmanageable stage” as a U.S. aircraft carrier group steamed towards the region amid fears the North may conduct a sixth nuclear weapons test. Concern has grown since the U.S. Navy fired 59 Tomahawk missiles at a Syrian airfield last week in response to ... Read More »

China posts worst export fall since 2009 as fears of U.S. trade war loom

China’s massive export engine sputtered for the second year in a row in 2016, with shipments falling in the face of persistently weak global demand and officials voicing fears of a trade war with the United States that is clouding the outlook for 2017. In one week, China’s leaders will see if President-elect Donald Trump makes good on a campaign ... Read More »

China likely to allow companies to issue shares in Frankfurt this year – bourse

Chinese companies will likely be allowed to sell their shares in Germany via issuing so-called “D shares” as soon as this year, in a move that will help them raise their profile in Europe, the Shanghai Stock Exchange (SSE) said. The plan to launch D shares – Frankfurt-traded shares sold by China-registered firms – is being studied by the Frankfurt-based ... Read More »

Exclusive: China insurance regulator tightening new license issuance – sources

China’s insurance regulator is making it much tougher for insurers to get new licenses as it seeks to reduce risks resulting from the aggressive business and investment practices of some players, said three people with knowledge of the matter. Concerns about the kinds of asset purchases and trading conducted by some insurers and its focus on new solvency rules that ... Read More »

Asia stocks find relief as China set to return seized U.S. drone

Asian shares steadied near four-week lows on Monday after China agreed to return the U.S. drone it had seized, easing worries for now about possible deterioration in diplomatic relations. But with expectations of U.S. President-elect Donald Trump’s policies lifting U.S. interest rates and the dollar, shares in many emerging markets are likely to remain vulnerable to possible capital outflows. MSCI’s ... Read More »

JP Morgan pays $264m to settle China ‘bribery’ probe

US bank JP Morgan Chase is to pay $264m (£212m) to settle claims it hired the children of highly placed Chinese officials to gain business in China. The Department of Justice called the scheme “bribery by any other name” and said it threatened national security. The Securities and Exchange Commission (SEC) and the Justice Department (DoJ) began an investigation in ... Read More »